Why did Namibia choose Vitol for its emergency fuel supply deal from July to September?

Namibia chose Vitol because its offer met the country’s fuel requirement in full, supplied fuel at the Basic Fuel Price with no premium added, and required no public money — a combination that distinguished it from other proposals after consultations with governments, international oil companies, and the local industry.

What is the stated purpose of Namibia's three-month emergency fuel supply arrangement with Vitol?

The stated purpose is to mitigate price shocks for oil products caused by the Iran war, helping keep fuel prices as low as possible amid surging global oil prices that have heavily impacted African nations reliant on fuel imports.

Vitol Awarded Namibia Fuel Supply Deal From July to September

May 30, 2026

Namibia secured an emergency three-month fuel supply deal with Vitol Group to mitigate price shocks from the Iran war. The agreement meets full requirements at the Basic Fuel Price without public funds or premiums.

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Vitol Awarded Namibia Fuel Supply Deal From July to September

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